Good morning, everybody, and welcome to this Q4 session. I would suggest that we go to the slide number two. I'm very pleased to present these Q4 results, which ends and concludes the year 2021 on a very good note. You know, 2021 is a very strong year in terms of sales growth and also the record year in terms of profit, as will be presented by Lottie later on. In terms of agenda, I will start with the sales overview, then Lottie will give a financial overview and our financial position. I will conclude with the latest business update we can have and the outlook for 2022. At the end, we will open up for a Q&A session. With that, I suggest we move to the slide number four. Slide number four is focused on the Q4 sales performance. What you can see on the right, the graph, is that we've had a 90% year-over-year sales growth between Q4 2020 and Q4 2021. This growth is. The first area of growth is trailer with 38% year-over-year, then aftermarket with a 7% year-over-year growth, and the truck with a reduction of 5%. We will go in the details of the region in a minute, but we can already mention that the growth has mainly taken place in the Americas and in Europe. Let's go to the slide number five, where we have the 2021 outlook, which is more or less a copy paste of what I just said for Q4. A 21% year-over-year improvement versus Q4 2020, with a 36% growth on the trailer segment and a 16% growth on the aftermarket. In terms of region, like for Q4, Americas and Europe leading the pack. Let's go now to the slide six, with a focus on the Americas region. On the bottom right of the slide, you can see the market evolution. It's been more or less a flat market from Q4 2020 to Q4 2021, when we consider the truck and trailer markets. On this flat market, we've enjoyed a +27% growth year-over-year, with 64% on the trailer side and 14% on the truck and 17% on the aftermarket. In terms of 2022 outlook, it's positive for both OE and aftermarket for that region. Let me go now to the slide number seven, with a focus on EMEA. Bottom right, like for the Americas, you know, +1% between Q4 2020 and Q4 2021 for the market. In this flat market, we've enjoyed a +24% increase in terms of revenues. Trailer leading the pack as well with a 37% year-over-year increase, followed by aftermarket with a 22% year-over-year increase. In terms of outlook, like for the Americas, it's positive for both OE and the aftermarket. Let me go now to the slide number eight with Asia and Middle East. Bottom right, the market went down by 47% between 2020 and 2021, especially on the truck side with a -54% on this segment. In that declining market, the performance of Haldex is actually in our outperformance because the loss has been limited to - 17%, with a clear positioning on the high-end segments, which proved to be quite successful versus the market evolution. The outlook for the market in 2022 is positive on the trailer side, but still negative on the truck side. With that outlook on the sales, I pass on to Lottie to give the financial highlights and on the slide 10 now. Thank you, Jean-Luc. Yes, as Jean-Luc just mentioned, organic sales increased by 19% during the quarter. Notably in Q4 was a strong growth in the trailer segment of 26%, with high growth in both Europe and the Americas. Gross margin decreased by 3.8 percentage points compared to previous year, negatively impacted by increased raw material prices and higher freight costs. Compared to previous quarter, gross margin decreased with 1.4 percentage point, despite successful mitigations of raw material surcharges. Largely, this was driven by further increased freight costs during the quarter. Transportation capacity and cost remain a challenge while we continue to drive mitigating actions. In the fourth quarter, we continue to see positive contribution from long-term savings programs. Gross savings amounted to SEK 20 million year-over-year. Considering the reverse effect of prior year's short-term savings program, the net effect of total saving was SEK 6 million in the quarter. Adjusted operating margin reached 5%, which is a decrease compared to last year's strong Q4 of 6.7%. If you recall, we had a record Q4 in 2020, which was then the highest noted since 2015. During the quarter, we managed to improve working capital and generate a strong cash flow. Operating cash flow of SEK 281 million is the highest in a quarter after the split of Haldex. The earnings per share amounted to 0.98 SEK. Moving to slide 11 and the full year financials. Organic sales increased 21% with growth across all customer segments compared to 2020. Gross profit level for the full year reached 27.3%, which is the same level as last year. There were positive contributions from the cost saving programs of net SEK 125 million for the full year. Adjusted operating margin reached 7.7%, which is the highest profitability level reached since 2015. We are really proud of this achievement, especially since the year has been challenging with regards to global supply chain disruption. Non-recurring items of SEK 16 million is at a historically low level. The reported operating margin of 7.4% is the highest since the split of the group. Earnings per share on full year basis is SEK 4.65. Given the company's long-term investment plans and financial position, the board proposes that no dividend be paid for the fiscal year 2021. Moving to slide 12. Adjusted EBIT in Q4 was SEK 60 million, which was slightly lower than 2020 of SEK 66 million. The organic sales increase of 19% resulted in a positive volume effect of SEK 9 million. The important aftermarket segment was strong in the quarter and represented 52% of sales to be compared to 53% in Q4 2020. We saw a positive effect from mitigating actions taken in the third quarter to offset material price increase and increased freight cost. However, as cost levels continue to increase compared to third quarter, additional price increases were initiated during the quarter, which did not have full effect. Net impact for Q4 was SEK 16 million. As said, long-term savings of SEK 20 million and there is a reverse effect of the short-term savings program of previous year of SEK 14 million. One-time cost of net SEK 6 million, of which SEK 5 million are related to restructuring and strategic overview of the company. Moving to slide 13 and the full year EBIT bridge. On a full year basis, we saw a significant improvement in earnings, thanks to sales growth and cost savings initiatives. Adjusted EBIT year to date Q4 was SEK 357 million compared to previous year of SEK 163 milion, which is an improvement of 119%. Organic sales increase of 21% resulted in an EBIT increase of SEK 250 million. Again, material price increases are mitigated to a large extent, especially from the third quarter. However, on full year basis, increased material and freight costs have a negative impact of SEK 104 million. Cost reductions total of gross SEK 154 million and net SEK 125 million related to footprint changes, reduced headcounts and general savings initiatives in travel and spend. One-time cost of negative SEK 16 million related to the net of positive results from the sale of building in Kansas City, SEK 13 million together with costs related to restructuring a strategic overview of the company. Moving to slide 14. Haldex have had three long-term savings programs running for the last year and the last couple of years with a targeted annual saving of SEK 300 million, an estimated non-recurring cost of SEK 270 million. Our long-term savings program have continued to deliver as planned. In Q4, the savings were SEK 20 million, but as earlier communicated, the short-term savings from previous year had a negative effect of SEK 14 million. For the full year 2021, the structured savings program of SEK 154 million gross and a total savings of SEK 125 million net. The combined savings under the structural savings program 2019 to 2021 are SEK 228 million, and the total savings, including the short-term savings, are SEK 291 million. The savings initiative have, for the most part now been implemented with an expected positive effect of net SEK 12 million in 2022. The cost savings through the different programs since 2019 therefore amount to approximately SEK 300 million. We will see some shift between the long, and short-term program during 2022, but on a total basis, we now have reached the level of cost reduction targeted. Therefore, we will stop reporting on the savings initiatives. Going forward, we will focus on initiatives for improved product profitability. Key for 2022 will be to create a step change in direct material expenses through best cost suppliers and global mindset. Moving to page 15. Looking at the quarter financials in perspective, we're pleased to see that revenue reached pre-pandemic levels. The gradual recovery has been stable and is partly driven by outperformance of the OEM market, but also strong aftermarket growth. When it comes to profitability level, as we have shown before, it's evident that our savings initiative proved to be effective, and that we can deliver a profitability that is on a very good level put into historical perspective. It is also evident that like most other companies in the industry, we do experience temporary challenges with supply chain, the raw material situation and increased pay cost, which puts pressure on our gross profit and EBIT. As said before, we have raised prices not only for raw material, but also related to increased pay cost. We will continue to balance the cost level between suppliers and end customers. In addition, we will drive margin expansion by focusing on reducing costs for direct material through the focus initiatives for 2022. Moving to slide 17. During the quarter, we managed to reduce working capital substantially. Compared to Q3, working capital decreased by SEK 210 million to SEK 921 million. The reduction was largely attributed to increased accounts payable, but increased efficiency in accounts receivable collection was also a contributor. Cash conversion cycle improved from 89 days in Q3 to 75 days in Q4, which is in line with pre-pandemic levels. Working capital efficiency improvement compared to prior year is on similar levels. Working capital in absolute value compared to prior year shows an increase of SEK 209 million, which largely is driven by increased inventory. In the current business environment with supply chain disruptions, optimizing inventory level has proven to be a challenge. Despite this, inventory days in Q4 was reduced to 88 days to be compared to 90 days in Q3 and 94 days in Q4 prior year. Inventory reduction initiatives through our production plants and distribution centers continue. An additional group initiative have been launched early 2022 as reducing inventory to improve cash flow is key focus for us going forward. Moving to slide 18. As we can see from the graph, we were able to drive a strong improvement in cash flow in the fourth quarter compared to previous quarters. Operating cash flow reached SEK 281 million, which is the highest noted since the split of the group. This was largely achieved by improved working capital, as earlier described. Investments amounted to SEK 69 million in the fourth quarter, of which machinery and equipment is the largest part, but also capitalized development costs. In total, R&D investment amounted to SEK 21 million, primarily related to the next generation EBS that was presented at SOLUTRANS in Q4. Net debt trend is positive. Net debt excluding IFRS 16 decreased from SEK 1,026 million prior year to SEK 898 million in Q4, a reduction of SEK 128 million. Pension liabilities decreased by SEK 115 million, mainly as a result of increased interest rates. We see very positive on the stabilization of net debt and the positive trends for the financial profile of the company. This has and will continue to be of key importance for us. In summary, we are very satisfied with the full year results that we have achieved despite the challenging business environment. We want to extend our thanks to all employees who have contributed with their dedication to the company. By that, I hand over back to Jean-Luc Désir. Thank you, Lottie. Let us please move to the slide number 20. On the slide 20, you have the summary of the strategy we presented in December in the Capital Markets Day, so in terms of growth. In 2021, we were at SEK 4.6 billion, and we have the ambition to be above SEK 6 billion, you know, by 2025, and to even further grow the business later on. To achieve this growth between 2021 and 2025, we have three pillars. The first one is to continue to grow the aftermarket. We've been quite successful in 2021, and we want to continue on that pillar. We want to benefit from the shift from automatic brake adjusters to the disc brakes and to surf on that wave. The third pillar of growth is this link to this EB+ 4.0 that we've just launched, as mentioned by Lottie, in Q4 last year at SOLUTRANS. That's the three pillars. What is new on the three pillars in Q4? First, on the aftermarket, we received an award in China as, you know, best customers from Hino, so good recognition there. On the shift to disc brakes, we have the strategy to really leverage on our good relationship with the fleets in the Americas, and we've managed to secure some orders in the Americas in Q4. In Asia, we started the first sale of the lightweight air disc brakes to our trailer customers. Last but not least, the launch of the EB+ 4.0, so commercial launch at SOLUTRANS and the industrial ramp-up, which is happening right now in Hungary. That's the news on the three pillars. More to come in the quarters to come. Let me go now to slide 21 for a summary and outlook. 2021 has been a strong year for us in terms of sales following the good recovery we could see in most of the markets. We've been quite successful in terms of OE market outperformance, especially on the traded side. As mentioned by Lottie, we're extremely proud to have achieved, you know, the best full year operating margin since the split of the group in 2011. I, with Lottie, I really thank all team members for that. That's for 2021. In terms of outlook, we have the ambition to grow faster than the market. We've demonstrated that in 2021, and we want to continue to be on this trend. At the same time, and as shown, you know, in the last quarters, there is a pretty high level of uncertainty and volatility in the supply chain on the short term. That is the key point of focus for all of us. With that summary and outlook, I would open to a Q&A session. Moderator, please. Thank you. If you do wish to ask a question, please press zero and one on your telephone keypad. If you wish to withdraw your question, you may do so by pressing zero and two to cancel. There will be a brief pause while questions are being registered. The first question is from Kenneth Toll, Carnegie. The line is open. Please go ahead. Yeah. Thank you. I agree with your conclusions that sales and order intake for new business during last year was good and also in Q4. I was a bit disappointed by the margin performance in Q4. Also when we put that into respect to your comments that the supply chain issues are probably not gonna get any better in the first half of 2022. Can you talk a little bit more on the balance between your own price increases and cost increases? You said that you're raising prices in November and December, but still, margins were quite poor in Q4. When we go into Q1, do you feel that you will have a better balance, that you will mitigate more of the cost increases, than you did in Q4? Or have raw material and logistic costs sort of continued so you are still way behind the curve? Okay. Thanks, Kenneth, for this question, and it's of course at the heart of you know the analysis of these results of Q4. Yes, indeed, margin in Q4 is a bit lower than in Q3, as we just presented. As mentioned by Lottie, we took some you know decisions with some significant price increases, starting you know on the first of November in the Americas and on the first of December in EMEA. We had a ramp-up of those measures in the Americas you know second half of Q4 and for EMEA at the very end of Q4. Basically what I'm saying is that the full impact of those measures was not seen in Q4 and will be seen in Q1. What we can say is that we saw some of the effects in December and we're, you know, somehow, you know, confident that in Q1 we should see the full impact of these measures. That's the first comment I would like to have. The other comment when we talk about supply chain, you know, disruption, it's not only related to freight, you know, increases or raw material. That's one aspect I've just talked about and gave my outlook. But it also linked to the fact that we can still have some disruption coming from our customers because of semiconductor shortage, not necessarily coming from us. Or even, you know, with the COVID situation that's been, you know, booming, you know, all over the world, you know, in the last weeks. That's, you know, is contributing as well a little bit to the risk of a disruption. Have I answered your question, Kenneth? Yes. Also one more thing. When you increase prices quite a lot, as I understand it, but you do it both for the aftermarket and the OEM side, do you see your competitors raising prices as much? Or, have the aftermarket sort of accepted the prices? Can you talk a little bit around those things, please? Yeah. Yeah, of course. It's really a bit different between aftermarket and OE, because on the OE side, we have contracts and for example, you know, on the raw materials side, we have clauses, you know, linked to index. There might be a little bit of lagging effect, but it's already covered. On the OE side, everything related to RMS is more or less covered. When we come to freight compensation, that's, you know, beyond contractual, you know, framework that we're discussing with the OEs for surcharges on the freight side. That's, you know, we have 60% of our business, which is OE and 60%, which is aftermarket. On the OE side, we are going for price increases on the freight side. It's to be clear, a tailored negotiation with each OE customer. On the aftermarket, it's a little bit easier because we have not, you know, the contractor situation is a little bit more flexible. This is where, you know, we could really fully materialize the price increases in both, you know, Americas and EMEA. I was myself in the Americas in November to present that measures to the distributors. I was very pleased about their reaction because, you know, the level, the order of magnitude of the price increases we're presenting in the Americas is somehow, you know, a bit higher, but in the order of magnitude of inflation in the Americas. It's something which is recognized by the market and as such, understood. Coming back, if I stay on the Americas, what are we doing versus our competitors? From what we know and from what we can see, you know, everybody is doing the same thing. The order of magnitude beyond the communication seems to be more or less in the same range a bit. For sure, we are not behind in terms of magnitude of the price increase. We're really, really in the same, in the same order of magnitude. True for the Americas, and I would have exactly the same comment for you EMEA as well. Okay. When we look at the OEM contracts, do you have a lot of those? If I remember correctly, in Q3, you raised prices to OEMs from July first, which meant that you had better margins in Q3 than you had in Q4. Is there other sort of magic dates where you are allowed, so to say, to change prices for OEM customers, or is it more spread out? No, it's spread out. I mean, it's linked to each contract. You know, usually what you have on a contract, it's linked to the average of the index over the last three months, over the last six months. Then you update that either on a quarterly basis or every six months. It's linked to each contract that we're having. You know, again, what you said is true. I mean, in Q3, we had already raised the prices, but in Q4, they were higher than in Q3. It's because, you know, for some of the OE customers, we could raise the price in Q4 versus Q3. It's a little bit of a cat and mouse game between, you know, what's happening with the suppliers and what's happening with the customers. Okay. Yeah. Okay. Those were my questions. Thank you. Thank you. Thank you. The next question is from Mats Liss, Kepler Cheuvreux. Your line is now open. Please go ahead. Yeah, hi. Thank you. Good morning. Couple of questions. First, I mean, you mentioned the price increases implemented in November and December there. I'm just wondering if you have seen. I mean, the growth is strong. Did customers try to avoid those and buy ahead of the price increases? I'm sorry. I'm not sure if I understood the question. The question is, are we- What did you see any sort of pre-buy attempt from customers ahead of the price increases you implemented? Yeah. Yeah. Yeah. No, no. That's true that you know, in December, we had a pretty high month in terms of sales in EMEA. Which showed just a little bit of you know, pre-buy just before the price increase. Did we have a little bit of that? Yes, we did. We did see that a little bit, yeah. The level of price increase, could you give some sort of indication there? I mean i s it double-digit or is it more? Well, you know, we need to be careful about giving specific figures. But what I would say is, when you consider the Americas, because the two regions we're talking about are Americas and EMEA. In Americas, you see the type of inflation that we talked about independently from Haldex or the market. It's not far from double digits. What I can say is it is more than what the inflation is in the market. That's, I mean, from a qualitative point of view, I can say that it's more than inflation. In EMEA, the level of inflation is not as high as in the Americas, so the price increase was a bit lower compared to the Americas. Good. Again, I mean, you mentioned a pretty fast positive outlook for 2022 regarding building rates and so for trucks and trailers, I guess, and also an increase in the aftermarket. What I was wondering is, will this sort of mirror your sequential performance for you as well, that the first quarter will be volume-wise higher than the fourth quarter? How should we see it? Normally, that's what we should see. I mean, you know, usually the first quarter is in this industry or in the past car industry is stronger than Q4. That's normally what we see. Here again, I'm a little bit careful about Q1 this year because, you know, we've seen some disruption coming again from COVID. You know, many of our customers and our peers, you know, were impacted in the different regions with a quite high level of absenteeism into COVID, especially at the beginning of of January. You know, all of us now we've heard about this Omicron, you know, wave throughout the world, which impacted, you know, operations. So that's one. The second, still the semiconductor situation, which is still a question mark for this industry. Yes, normally, in terms of pattern, in terms of trend, Q1 should be stronger than Q4. Again, in this unstable situation, we are a bit careful for the time being. Good. Then I just want to get a feel about the margin performance then going forward. I mean, the third quarter margin were somewhat stronger, or at least on a yearly basis in this fourth quarter. Could one say that the difference there between the fourth quarter and maybe the full year was the impact of higher costs? Would you have been more in the 7.5% range if those five things had been more normal, so to speak? Yeah. I, you know, you know what? It's difficult to talk about a specific margin value moving forward. From a business dynamic point of view and the levers, what we can say is that in Q4, we were impacted by higher freight costs and raw material costs, and we started the mitigating actions again on the first of November in the Americas, on the first of December in EMEA. Those measures, which are quite significant in terms of the P&L impact, are supposed to give their full impact from Q1 this year. As such, the negative trend we had in between Q3 and Q4 should somehow be reversed between Q4 and Q1 for that lever linked to higher cost, linked to raw material and surcharge on the freight side. Good. Then about the cash flow there, I mean, you I saw the quite large reduction in accounts receivables, and I guess it's partly a seasonal pattern that the fourth quarter is pretty stronger. Have you implemented any other measures to reach that kind of reduction? I mean, selling the receivables or something like that? Lottie, could you please take this question, Lottie, please? Yeah. No, I mean, we are. As I said, this is a focus area for us, and we are launching, I would say a wider program in 2022, which includes, yeah, looking over contract conditions in terms of payment terms for our suppliers and efficiency in accounts receivable collection processes. The main thing here is really focusing on the inventory and the efficiency in our inventory management. This is the large program that we are focusing on cross-functional and cross regions in the company. We need to get the inventory levels down and increase the inventory turns. That program is material to what we're targeting there. Thank you. Finally, just about the CapEx there, you mentioned that you have growth ambition there and, well, you have things to attend to. Could you give some indication there about the level in this year and next, 2022, 2023, what kind of CapEx we should expect? Lottie, could you please answer this question as well? Yeah. I mean, I think if we go back to what we said in the Capital Markets Day, our normal capital spend, we're trying to keep on a level. Yeah, that is what we have done on average last few years. But in terms of the future, the investment in our future products and the possibilities we see in the market, here we are looking at doing that in partnerships. It's sort of different path towards keeping investment and need of cash in control because the opportunities from a strategic perspective out there is larger than what we would fund ourselves. I think this is one of the really important pillars that we communicated in the Capital Markets Day that we are striving for this partnership. I mean, those dialogues are ongoing already. Yeah. Thank you very much. We received a follow-up question. It is from Kenneth Toll, Carnegie. Your line is now open. Please go ahead. Yeah. Thank you. Two more questions, please. One is on the balance sheet and the decision not to pay a dividend for last year. If my calculations are correct, you ended up with a net debt to EBITDA adjusted of around 2.2x, and you paid no dividend. My question is, at what balance sheet strength would the board feel more confident to pay dividends again? Lottie, could you please answer his question? Yeah. I mean, I don't know if there is a KPI target like that, but of course our board wants to pay dividends, and that is our plan. Given where we're coming from and also the current business environment, the decision for this year is not to pay dividends. Clearly we want to do that as soon as possible. It was both the current level of the balance sheet and the certain outlook that influenced the decision? Yeah. Okay. Great. Then also on the Knorr-Bremse ownership where the EU will not sort of interfere or try to change that. If I remember correctly, you also handed in complaints in Brazil on this situation. Have you heard anything about the process in Brazil or do you stop with those efforts to get Knorr-Bremse out as a shareholder by the EU decision? No, I mean, that's partly a separate stream. And I don't have an immediate update on that one, but that's not stopped from my understanding, so t hat is still valid. Okay. Great. That's all from me. Thank you. There are no further questions at this time. I hand back to you. Okay. Thanks very much to have attended this Q4 report for Haldex. Once more, a great year for us in terms of growth and in terms of EBIT, the record year. Thanks for the quality of the questions, and we're looking forward to interacting with you in the future. Have a great day.